Welcome to our dedicated page for Target news (Ticker: TGT), a resource for investors and traders seeking the latest updates and insights on Target stock.
Target Corporation (NYSE: TGT) is a leading U.S. retailer recognized for its innovative omnichannel strategy and curated product assortment. This page serves as the definitive source for all official Target news, providing investors and stakeholders with timely updates directly from the company.
Access press releases, earnings reports, and strategic announcements to stay informed about Target’s retail operations, partnerships, and market initiatives. Our repository includes updates on product launches, store expansions, sustainability efforts, and financial performance—all essential for understanding TGT’s position in the competitive retail sector.
Content is organized to highlight key developments, including quarterly earnings, leadership changes, and community engagement programs. Bookmark this page for streamlined access to Target’s latest corporate communications, ensuring you never miss critical updates affecting TGT stock and industry trends.
Target Corporation (NYSE: TGT) has announced significant changes in its executive leadership team to enhance growth strategies. Christina Hennington has been appointed executive vice president and chief growth officer, overseeing merchandising and enterprise strategy. Jill Sando takes on the role of chief merchandising officer. Rick Gomez becomes executive vice president and chief food and beverage officer, while Cara Sylvester is promoted to chief marketing and digital officer. Katie Boylan steps up as chief communications officer, expanding her responsibilities. These changes aim to strengthen Target's market position and capitalize on growth opportunities.
Target Corporation (NYSE: TGT) announced a new limited-edition collection in collaboration with Levi Strauss & Co. (NYSE: LEVI), marking Levi's first Home partnership. This collection, launching on Feb. 28, 2021, includes over 100 durable and thoughtfully-designed items such as tableware, quilts, and pet apparel, priced from $3 to $150. The partnership aims to inspire sustainable living while offering unique products unavailable elsewhere. Target plans to feature curated displays in 500 stores by Fall 2021, emphasizing their commitment to strategic partnerships to enhance customer offerings.
Target Corporation (NYSE: TGT) has declared a quarterly dividend of 68 cents per common share, payable on March 10, 2021 to shareholders of record by the close of business on February 17, 2021. This marks the 214th consecutive dividend since the company went public in October 1967. The announcement reaffirms Target's ongoing commitment to returning value to shareholders.
Target Corporation (NYSE: TGT) reported a 17.2% increase in comparable sales for the November/December period, with a 102% surge in digital sales. In-store sales also rose by 4.2% with traffic up 4.3% and average ticket sizes growing 12.3%. The company notably excelled in same-day services, experiencing a 193% growth, particularly with Drive Up exceeding 500%. Target gained market share in all five core categories, especially in Home and Hardlines, further establishing its retail position.
Target Corporation (NYSE: TGT) is enhancing last-minute holiday shopping with contactless same-day pickup and delivery options available until 5 p.m. on December 24. Customers can utilize free Order Pickup and Drive Up services for thousands of items, and Same-Day Delivery through Shipt. Target increased Drive Up parking spaces by nearly 8,000 and dedicated double the team members for expedited service. These efforts ensure guests can safely acquire gifts and essentials up until Christmas Eve, all without needing a membership.
Target Corporation (NYSE: TGT) announced its largest-ever Cyber Week event, starting Nov. 29 through Dec. 5. The sale features significant discounts across various categories, including electronics, toys, and home décor. New this year, Target introduces two digital "Flash Sales" on Cyber Monday, offering exclusive deals. Notably, Target promises same-day delivery and pickup options, enhancing convenience for shoppers. The Cyber Week event underscores Target's commitment to providing deeper savings and an improved shopping experience.
Target is enhancing its holiday shopping experience with "Black Friday Now" deals, prioritizing guest safety. As of mid-November, millions of guests are utilizing contactless same-day services like Drive Up and Order Pickup, significantly increasing engagement compared to last year. Popular items include TCL TVs, Apple Watches, and kitchen appliances. Target Circle members benefit from exclusive deals, earning 1% back on purchases. Price adjustments on advertised deals are available until December 24. Target stores will be closed on Thanksgiving, with online deals accessible until stores open on November 27.
Target reported a strong third quarter in 2020, with comparable sales growing by 20.7% and digital sales increasing 155%. Total revenue reached $22.6 billion, a 21.3% increase from last year. GAAP EPS from continuing operations was $2.01, up 46.3%, while Adjusted EPS rose 105.1% to $2.79. Operating income surged 93.1% to $1.9 billion, with a 30.6% gross margin. The company gained over $6 billion in market share and plans to resume share repurchases in 2021.
Target Corporation (NYSE:TGT) will host a webcast for its 3rd quarter earnings conference call on November 18, 2020, at 7:00 a.m. Central Time. Investors and media can access the call through the company’s website. Target operates nearly 1,900 stores and contributes 5% of its profits to local communities. For more information and to join the call, visit investors.target.com.
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